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HomeMy WebLinkAboutFranklin County Softball Ground Lease extension 10.19.20Cityof 14 r V co Administrative & Communit Services 509 543-5757 • FAX 509 543-5758 y ( ) { } 525 N. 3rd Ave. e P.O. Box 293 • Pasco, WA 99301 • www.pasco-wa.gov 10/19/2020 Clerk of the Board of County Commissioners Franklin County 1016 N. 4th Avenue Pasco, WA 99301 Re: Written Intention to extend ground lease between the City of Pasco and Franklin County (Resolution 94-121) In 1994, the City of Pasco and Franklin County entered into a ground lease agreement approved by Franklin County Resolution #94-121 on May 25.1994, for the purpose of developing sports fields. Accordingly, the Pasco Sporting Complex containing six (6) softball fields was developed on the site. The ground lease agreement states: "This Lease shall commence as of the date the election is certified ("Commencement Date') and shall continue for twenty (20) years from the date of substantial completion of the Improvements. The Parties may extend the Lease by mutual, written agreement for consecutive renewal periods ("Periods') of five (5) years each, the first Period commencing upon the expiration of the twenty (20) year term ... " (Page 4 Section 1.2) Please consider this letter as the City's written confirmation of its intention to extend the lease for the first of the above mentioned 5-year periods. Respectfully, N. Zach Ratkai Administrative & Community Services Director